Continental Drift Were the continents of this planet always situated the way they are today? Could there have been one supercontinent that over time broke off into the continents we know now? Merriam-Webster Dictionary defines Pangaea as a hypothetical land area believed to have once connected the landmasses of the southern hemisphere with those of the northern hemisphere (Definition of Pangaea). This theory‚ discovered by Alfred Wegener‚ was known as the drift theory. Wegener used the fit of the
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Continental drift is the movement of the Earth ’s continents relative to each other. The hypothesis that continents ’drift ’ was first put forward by Abraham Ortelius in 1596 and was fully developed by Alfred Wegener in 1912. However‚ it was not until the development of the theory of plate tectonics in the 1960s‚ that a sufficientgeological explanation of that movement was found. |Contents | | [hide] | |1 History
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Capital Leases vs. Operating Leases - What’s the Difference? Which One Should I Use for Equipment Leasing? Leasing equipment is a common alternative to purchase. Of the two kinds of leases - capital leases and operating leases - each is used for different purposes and results in differing treatment on the accounting books of a business. Capital Leases •Capital leases are used for long-term leases and for items that not become technologically obsolete‚ such as many kinds of machinery.
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The FASB issued SFAS No. 13‚ “Accounting for Leases” to establish standards of financial accounting and reporting for the lessees and lessors. The three leasing options to available are operating‚ sales-type‚ and direct financing. This memo will define each option‚ compare operating versus capitalizing and give a recommendation for XYZ Company. Lease Definitions A lease can be either capital or operating. It is considered to be a capitalized lease when all the benefits and risks of ownership
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whereas fee based services of NBFCs include bill discounting‚ portfolio management and other advisory services. LEASE FINANCING Leasing as financial service is a contractual agreement where the owner (lessor) of equipment transfers the right to use the equipment to the user (lessee) for an‚ agreed period of time in return for a rental. At the end of the lease period the asset reverts back to the lessor unless there is a provision for the renewal of the contract or there is a provision
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Tectonics and Continental Drift Past and Present Locations Abstract When we look at our earth’s surface now it has seven continents‚ and five of them are divided by the oceans that surround them. In 1912 Alfred Wegner (1880-1930)‚ came up with a theory called the continental drift; stating that over three hundred years ago all seven continents were once one super continent called Pangaea. Wegner tried to convince other scientists and geologist for many years that the continents
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volume of transactions. Although this type of financing can be for long term‚ most lease financing is for periods of less than ten years. Under the subject of finance our concern is with financial leases rather than with operating leases. Hence we will study here about the financial lease. A lease is a means by which a firm can acquire the economic use of an asset for a specific period of time. A financial lease is a non canceleable contractual commitment on the part of a lessee to make a series
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Contract-Lease Assignment This Residential Lease Agreement (hereinafter “Lease”) is entered into this the 10-01-11‚ by and between the Lessor: George Murphy‚ (hereinafter referred to as “Landlord”)‚ and the Lessee(s): Benjamin Potter for the Potter Corporation. All Lessees (hereinafter referred to collectively as “Tenant”)‚ are jointly‚ severally and individually bound by‚ and liable under‚ the terms and conditions of this Lease. 1. GRANT OF LEASE: Landlord does hereby lease unto Tenant
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CONTINENTAL PHILOSOPHY When beginning the study of philosophy it is hard to believe that there are so many components involved with one subject. But in reality philosophy is really a broad term for many subtopics; as is the case when discussing continental philosophy‚ which is the philosophical tradition of continental Europe including phenomenology and existentialism. It all began with Absolute Idealism supported by such philosophers as Fichte and Hegel. It was during the eighteenth and nineteenth
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KEY CONCEPTS CULTURE IS COMMUNICATION In physics today‚ so far as we know‚ the galaxies that one studies are all controlled by the same laws. This is not entirely true of the worlds created by humans. Each cultural world operates according to its own internal dynamic‚ its own prin ciples‚ and its own laws-written and unwritten. Even time and space are unique to each culture. There are‚ however‚ some common threads that run through ;:111 cultures. It is possible to say that the world
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